Our life closely connected to the many different factors. Political, economical, ecological, technological. Every huge event in any specific field can have potential effect on other market or other industry.
How AI effect labour market.
Many analytics, scientist all around the word saying one simple thing. That in near 10-20 years more then 30% of jobs will have effect of the AI. But effect could be different. For example for low paid labour like driver, warehouse worker, custom service representative and etc for this types of job hard times may begin. Computers just could be better workers in terms of simple tasks. But there still will be jobs which could not be replaced with AI. Jobs like CEOs, lawyers, judges, HR managers, surgeons. Jobs were specific skills required in combination with decision making. Decision making aspect is the most valuable aspect of the human being in the battle with AI. On the other hand AI fully exclude factor of the human mistake. Also demand for vacancies like data scientist, AI programmer will increase significantly. So it has two sides of the coin. For some jobs AI is going to be murderer but for others great chance and opportunity.
Could we prepare for AI Impact on Job Labour?
And the answer is YES. We could collaborate with AI and achieve better results together. AI could show the way in which you need to work to achieve best results. To make it happened people need to cooperate with AI more, to understand mechanics and way how to better use it. Also gaining new skills which are more required for future cooperations could be monstrous. According to OECD, workers who successfully take advantage of AI gain better positions in the market. AI improve their intellectual activity—it doesn’t replace it. AI, like most technologies, will not be able to completely displace humans from the labor market.
Is potential of AI that huge to impact on markets?
And the answer is again yes. According to the financial resources prices of companies which invest their time and efforts in AI is growing as fast as possible. Annually companies have 5% growth of their market value. Investors are eager to invest in projects related to AI technology. This market has potential and power for insane growth.
Conclusion
AI will affect labor market heavily. AI won’t be able to submit all humans from their job. But jobs which do not required skills like decision making, could be potentially substituted with robot work. AI is just a tool for humans to use in their favor to achieve best performance with results.
Links:
- https://www.forbes.com/sites/forbestechcouncil/2022/10/31/ai-will-impact-the-labor-market-but-workers-should-embrace-the-technology-not-fear-it/?sh=186802cd69ce
- https://www.nexford.edu/insights/how-will-ai-affect-jobs
- https://newsus.cgtn.com/news/2023-09-04/The-impact-of-AI-on-labor-market-1mOedTOzLAA/index.html
- https://www.nexford.edu/insights/how-will-ai-affect-jobs
- https://www.cnbc.com/2023/10/02/more-than-40percent-of-labor-force-to-be-impacted-by-ai-in-three-years-morgan-stanley-forecasts.html
Used Chat GPT, OpenAI 3.5. How AI would affect labor market.
Insightful post on AI’s impact on jobs. Emphasizes collaboration and skill development. Well-balanced perspective on the evolving job market. ????????
my bad for the ??????? it was emojis
I think the effect of AI will be felt even sooner than you said but to fully replace some of these jobs it will surely take many more years